Feb 25 (Reuters) - Britain's Thames Water has asked KKR
and Castle Water to provide more detail on their equity
bids for the water utility, Bloomberg News reported on Tuesday,
citing people familiar with the matter.
The country's biggest water supplier, which has 18 billion
pounds of debt, has received non-binding offers from U.S.
Investment firm KKR and UK-based water firm Castle for 4 billion
pounds each, Bloomberg had earlier reported.
An offer from London-based asset manager Covalis Capital,
who is also a junior creditor of Thames, is currently less
favoured by Thames Water, the report said.
Covalis, in partnership with French waste management firm
Suez Group, has offered a 1 billion pounds investment in Thames.
The plan involves selling certain assets before floating the
remainder of the group, while giving Britain a golden share.
Thames, KKR, Covalis and Castle did not immediately respond
to Reuters requests for comment.